RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Cobinhood

Cobinhood Exchange Review

Centralized
  • 24h Trading Volume

    300.692 BTC
  • Establish date

    2017

Cobinhood Exchange Review

  • Cobinhood Withdraw

    BTC – 0.001 BTC

    ETH – 0.007 ETH

    Full list of fees can be found here

  • Cobinhood Deposit fees

    Free
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    Yes
  • Download Clients

    • Download client
    • Download client

Cobinhood Exchange Score Analysis

Cobinhood is a Cayman Islands-based Cryptocurrency exchange, with headquarters in Taiwan. The exchange’s main benefit is its zero trading fees (similar to the stock market app Robinhood), alongside other services such as an ICO platform and margin trading. Cobinhood is fairly easy to use, on par with similar cryptocurrency exchanges of its magnitude, and the site is accessible. In relation to big cryptocurrency exchanges such as Binance or Huobi, Cobinhood doesn’t manage to attract much volume (hovering around $80K daily as of this writing) partly due to the reason it does not list a large amount of coins – 36, to be exact. There is also an option to trade cryptocurrencies against USD on Cobinhood, although the option is only accessible to those who have underwent extensive KYC and the daily trading volume on fiat pairs amounts to almost zero. The risk factor of entrusing funds with Cobinhood is hard to be determined, as while there are many roadblocks on the way to access funds – including email verification and 2FA, it is hard to assess the level of threat management the internal Cobinhood team is capable of doing, and we have not determined if there is a dedicated security expert on the team. To conclude, Cobinhood is a medium-sized exchange with many traders drawn to its zero-fees, but not enough coin listings and volume to justify becoming a major player. The exchange also displays some amount of risk to those who prefer to keep their funds on the exchange.